Simple Wills vs Standard Personal Wills
Unfortunately many people don't realise just how important their Will is.
The availability of low cost, limited advice services has lead to the view that everyone can just have a simple will that takes 5 minutes to put together.
This is a serious misconception and something that
has lead to many inadequate Wills being created. Poorly prepared and executed Wills invariably lead to problems with estate administration, conflicts about the validity of the Will and conflicts about who is receiving benefits from the Will.
Gray Lawyers understands that
every person deserves quality legal advice, at an affordable price, that doesn't compromise the future of their assets and their family.
That's why we offer a
Standard Personal Will in cases where your personal and asset situation is fairly straight forward and can be properly taken care of in a relatively standard document.
This is our most cost effective service but at a minimum still includes:
- a personal meeting with an experienced estate planning lawyer to take your instructions and assess your personal and asset situation.
- advice during that meeting regarding the type of Will that best suits your situation and how that Will should be prepared
- advice regarding any requests you may have for the distribution of assets under your Will
- advice about how your personal and family situation may affect the distribution of your estate
- expert legal consideration of the best way to draft your Will to implement your wishes
- preparation of your Will and related documents as required
- meeting with you to execute your Wills and related documents
- storage of your original Will, if requested.
If it is legally appropriate to do so, the document we prepare will be our cost effective Standard Personal Will. If your situation necessitates a more detailed or custom built solution we will discuss the options with you upfront and provide an estimate of the cost for providing the best possible estate planning solution for you.
Issues that may require a more detailed Will and Estate Planning strategy include:
- Leaving spouses or children out of a Will
- Blended families
- Unequal distribution of assets between children
- Conflict between potential beneficiaries
- Large asset pools
- Overseas assets
- Estranged family members
- Beneficiaries that have a disability
- Beneficiaries with personal problems that may affect their ability to maintain their finances
- Family assets that need to be protected from division or marriage breakdowns
